It was confirmed that the standard manufacturing rate of 16% will be reduced to 13%. The transport and construction rate will be reduced from 10% to 9%. The lower rates 6% and 3% will remain unchanged. There might be further changes following shortly in order to simplify the VAT system. Continue reading
As informed in blog post, the Polish Ministry of Finance published the draft amendment to the VAT Act (of 8 November 2018).
On 5 March 2019, the draft amendment to the Polish VAT Act introducing a new matrix of VAT rates has been adopted. This in practice means that goods will be assigned to the Combined Nomenclature (CN), whilst services will be based on a new classification of products and services (i.e. 2015 PKWiU codes). Continue reading
The Guide to VAT for Clinical Trials in Europe aims at:
• providing you a first high level overview of the regulations in 28 EU Member States
• helping you assess the VAT implications and reporting obligations (e.g. VAT registration obligation, VAT return, EC Sales Listing and Intrastat reporting)
• assisting you answering some questions related to the trends in the pharma sector for clinical trials and precision medicines. Continue reading
DAC6 will be implemented by all EU territories as of January 1st 2020 with reporting obligation on all relevant transactions since June 2018. It looked like until today that this kind of reporting obligation will not be relevant for indirect taxes. However the publication of the implementation in the national law in Poland shows that VAT relevant transactions will have to be reported as well.
The cash-free import VAT settlement, as a result of the simplified procedure, will be limited from 1 May 2019. The end of April 2019 is the limit date for the reassessment of permits to use the simplified procedure. The need for their re-verification resulted from the introduction of the EU Customs Code (UCC) instead of the previously applicable Community Customs Code (CCC). Continue reading
From 1st January 2019, foreign suppliers of business-to-business (B2B) electronically supplied services are required to register with the Federal Tax Service in Russia.The method applied in 2018 whereby the Russian business customer collects and remits the VAT at the standard 18% rate to the tax authorities through the reverse charge mechanism is not applicable anymore. Continue reading
The project assumes that Poland has the right to use the obligatory split payment in the period from March 1, 2019 to February 28, 2022. Please find below the most important information resulting from the draft derogation decision: Continue reading